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ReSearch Pharmaceutical Services, Inc. Unaudited Quarterly Report for the Period Ended September 30, 2009
Date:11/13/2009

liabilities: Accounts payable $2,995,639 $3,496,309 Accrued expenses 12,654,901 12,069,957 Customer deposits 9,411,043 7,247,532 Deferred revenue 6,605,575 4,781,935 Line of credit 12,003,517 7,500,000 Current portion of capital lease obligations 421,984 682,695 ---------- ---------- Total current liabilities $44,092,659 $35,778,428 Customer deposits - 4,500,000 Deferred tax liability 1,005,222 1,331,955 Other liabilities 2,009,897 2,323,794 Capital lease obligations, less current portion 548,573 871,963 ---------- ---------- Total liabilities $47,656,351 $44,806,140 Stockholders' equity: Common stock, $.0001 par value: Authorized shares - 150,000,000 issued and outstanding shares - 37,277,808 and 36,746,291 at September 30, 2009 and December 31, 2008, respectively. 3,728 3,675 Additional paid-in capital 45,457,670 44,083,184 Accumulated other comprehensive (loss) income (11,075) 155,535 Retained earnings (accumulated deficit) 22,770 (1,959,992) ----------- ----------- Total stockholders' equity $45,473,093 $42,282,402 ----------- ----------- Total liabilities and stockholders' equity $93,129,444 $87,088,542 =========== ===========

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